HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: What Really Happened

Hi, rodg-

I will see your May 15 deadline and raise you to April 15. These assay results are *way* late, even by management's own exceedingly long timeline and long-past ETA. While I understand your point regarding the timing, in my view we shareholders are owed the assay results themselves (material information already likely in-hand), not management's interpretation of said results. My proposed April 15 drop-dead date gives management three weeks to get this information out, which seems extraordinarily generous. Just my $0.02US.

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